New York Markets After Hours

Apple shares rally on stock-split speculation

SAN FRANCISCO (MarketWatch) — Tech stocks rose Tuesday, with Apple Inc. among the gainers as rumors circulated that the company might announce a stock split at its annual shareholders’ meeting.

Apple
AAPL, +0.21%
rose 1.4% to close at $448.97 as speculation rose about the possibility of the company announcing a stock split at its annual meeting on Wednesday. Apple officials didn’t immediately return requests for comment. Apple has done two-for-one stock splits three times in its history, with the most recent coming in February 2005. Read more about stock split discussion.

The tech-heavy Nasdaq Composite Index
COMP, -0.56%
managed to rise 13 points, or 0.4%, to close at 3,130, while the Philadelphia Semiconductor Index
SOX, -1.94%
and the Morgan Stanley High Tech 35 Index
MSH, -1.06%
were each up a fraction.

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Intel Corp.
INTC, +0.10%
was among the tech-sector leaders on the rise, as the semiconductor giant’s shares rose 1.7% to close at $20.58. Late Monday, Intel said it would begin making chips on the part of Altera Corp.
ALTR, -2.64%
in a move that could help Intel with costs associated with developing new chip technologies.

Design-software company Autodesk
ADSK, -2.03%
saw its shares a fraction to close at $36.79 a day after it reported fourth-quarter results that rose from the same period a year ago, and exceeded Wall Street analysts’ estimates.

Shares of the online travel site operator Priceline.com Inc.
PCLN, -0.59%
rose 1% to close at $678.49 ahead of the company’s quarterly results, due after the market close.

Amazon.com Inc.
AMZN, -0.27%
fell slightly to close at $259.36 a share. The online retailer announced a content-licensing agreement with Sony Pictures Television
SNE, -1.00%
that includes exclusive online subscription rights to the FX Network series “Justified.”

Groupon Inc. shares
GRPN, -0.98%
fell nearly 1% to close at $5.55 ahead of the company’s quarterly results on Wednesday.

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